Vestas Installed 1 Out Of 5 Wind Turbines Globally In 2018
The Global Wind Energy Council published figures on Wednesday which confirmed that Danish wind turbine manufacturer Vestas Wind Systems A/S dominated turbine supply in 2018, accounting for 1 out of 5 turbines installed during the year.
Vestas retained its position as the world’s leading wind turbine supplier, accounting for over 20% of the 50,617 megawatts (MW) worth of turbines installed in 2018. According to the Global Wind Energy Council’s (GWEC) newly-published Global Wind Market Development – Supply Side Data 2018 report, 1 in every 5 turbines out of the 20,641 wind turbines installed globally in 2018 were installed by Vestas.
GWEC’s report confirms the reports published by Bloomberg New Energy Finance and GlobalData earlier in the year.
”The report underlines that our customers across the globe continue to trust our solutions, and that Vestas as a result led the wind industry on key parameters in 2018,” said Morten Dyrholm, Group Senior Vice President, Global Marketing & Communications, when reached for comment. “2019 will be another busy year for Vestas where we execute our record-high order backlog and continue to invest in sustainable energy solutions that can increase the penetration of wind energy for the benefit of our customers, energy systems and planet.”
In second place was Chinese manufacturer Goldwind, while Siemens Gamesa fell to third place due primarily to lower installations in the UK, Germany, and India during 2018.
While big name companies like Vestas, Siemens Gamesa, and GE Renewable Energy accounted for the top spots, GWEC’s report shows that over half of the top 15 wind turbine manufacturers in 2018 were based in China.
“The fact that tier one suppliers gained greater market share in a year when the new installation declined by 3% reinforces that leading global suppliers’ hard work, focusing on product innovation and value-added solutions, has finally paid off,” said Ben Backwell, CEO of GWEC. “While there are 8 Chinese manufacturers included in the top 15, the picture changes dramatically when sales in the domestic Chinese market are excluded. Aside from Goldwind, none of the Chinese suppliers installed sufficient new wind capacity in the overseas market for any to be included in the top 10 ranking in 2018.”
“In 2018 we saw further consolidation taking place on the supply side,” added Feng Zhao, Strategy Director of GWEC. “The severe competition resulting from the transition from Feed-in-Tariff to auctions pushed another seven small turbine OEMs out of the market last year. This trend is likely to continue in China – although there are 19 local turbine OEMs active in this country, the upcoming auction and the central government’s goal to reach grid parity in the early 2020s will certainly force many small and medium-sized Chinese turbine vendors to give up their wind turbine production activities.”
Top 15 wind turbine suppliers in annual global market in 2018:
- Vestas
- Goldwind
- Siemens Gamesa
- GE Renewable
- Envision
- Enercon
- Mingyang,
- Nordex Acciona
- United Power
- Sewind
- Suzlon
- Senvion
- Windey
- CSIC Haizhuang
- XEMC
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